8-K/A 1 mainbody.htm MAINBODY mainbody.htm
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549
 
____________________
 
FORM 8-K /A
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
 
Date of Report (Date of earliest event reported):  September 28, 2010
 
Grid Petroleum Corp.
(Exact name of registrant as specified in its charter)
 
Nevada
333-143597
NA
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)

33 Cavendish Square, London
W14 0RA
(Address of principal executive offices)
(Zip Code)

Registrant’s telephone number, including area code:  (+44)207-182-4205

_____________________________________________
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ]
Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)
   
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Explanatory Note

The Current Report on Form 8-K filed on September 28, 2010 with the Securities and Exchange Commission is being amended to correct an error about Grid Petroleum Corp. receiving a $200,000 draw on Share Issuance Agreement with Premier Global Corp.
 
 
 

 
 
Section 3 – Securities and Trading Markets

Item 3. 02 Unregistered Sales of Equity Securities

On April 23, 2010, we entered into a Share Issuance Agreement (the “Agreement”) with Premier Global Corp. (the “Investor”).  Pursuant to the Agreement, the Investor committed to purchase up to $5,000,000 of units, consisting of shares of our common stock and share purchase warrants, until April 22, 2013.

On September 28, 2010, we reported that we drew $200,000 from this facility to fund operating expenses.  However, we did not draw $200,000 from the facility.  Rather, we issued the Investor 266,667 shares of our common stock and a two year warrant to purchase 266,667 shares of our common stock at an exercise price of $1.125 per share from the draw that we made on September 16, 2010.  This draw is reported in our Current Report on Form 8-K that we filed on September 21, 2010 with the Securities and Exchange Commission.

These securities were issued pursuant to Section 4(2) of the Securities Act and/or Rule 506 promulgated thereunder. The holders represented their intention to acquire the securities for investment only and not with a view towards distribution. The investors were given adequate information about us to make an informed investment decision. We did not engage in any general solicitation or advertising. We directed our transfer agent to issue the stock certificates with the appropriate restrictive legend affixed to the restricted stock.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Grid Petroleum Corp.


/s/ Paul Watts
Paul Watts
President, CEO and Director
Date: November 16, 2010